Cryptocurrency Price Today: Bitcoin, Ethereum Remain Stable; KLAY Gains Over 22 Percent
Cryptocurrency price on October 24 quick take: The global crypto market stood at $930.57 billion early Monday morning.
Bitcoin (BTC) and Ethereum (ETH), the two most valued cryptocurrencies, failed to gain steam on Monday morning, registering minor price changes over the last 24 hours. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mixed bag of minor gains and losses across the board. Among lesser-known altcoins, the Klaytn (KLAY) token emerged to be the biggest gainer in the last 24 hours, with a gain of over 22 percent. Chain (XCN), on the other hand, turned out to be the biggest loser.
At the time of writing, the global crypto market cap stood at $930.57 billion, registering a minor jump of 0.76 percent in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
Bitcoin price stood at $19,312.47, seeing a minor 24-hour gain of 0.54 percent, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 16.50 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,344.76, marking a 24-hour gain of 2.34 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.15 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour dip of 0.08 percent as per CoinMarketCap data, currently priced at $0.0596. As per WazirX, Dogecoin price in India stood at Rs 5.06.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 1.97 percent. At the time of writing, it was trading at $53.33. LTC price in India stood at Rs 4,500.44.
Ripple (XRP) price today
XRP price stood at $0.4568, seeing a 24-hour dip of 1.09 percent. As per WazirX, Ripple price stood at Rs 39.
Solana (SOL) price today
Solana price stood at $28.54, marking a 24-hour gain of 0.53 percent. As per WazirX, SOL price in India stood at Rs 2,450.
Top crypto gainers today (October 24)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Klaytn (KLAY)
Price: $0.1797
24-hour gain: 22.10 percent
Polygon (MATIC)
Price: $0.8886
24-hour gain: 6.89 percent
Aave (AAVE)
Price: $87.32
24-hour gain: 4.99 percent
TerraClassicUSD (USTC)
Price: $0.03754
24-hour gain: 4.80 percent
Neo (NEO)
Price: $8.38
24-hour gain: 4.32 percent
Top crypto losers today (October 24)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Chain (XCN)
Price: $0.05686
24-hour loss: 3.69 percent
Maker (MKR)
Price: $961.17
24-hour loss: 3.21 percent
Axie Infinity (AXS)
Price: $8.62
24-hour loss: 3.19 percent
EthereumPoW (ETHW)
Price: $6.47
24-hour loss: 2.57 percent
Arweave (AR)
Price: $10.27
24-hour loss: 2.50 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “After a two-day losing streak, the price of Bitcoin rebounded at a key point of support on Thursday. BTC has hit a peak of $19,280 as the bulls rejected a breakout below the vital support at $18,900. As bulls have become active in the market, we might see BTC touching $19,600 in the coming days.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “According to the federal regulator's annual report released Thursday, the CFTC celebrated several of its big wins for the fiscal year, including the filing of charges against Tether and Bitfinex that settled last October for a combined $42.5 million. LUNC represents a reduction from the original 1.2 percent tax rate, with excess cryptocurrency being given to communities in the decentralized finance (DeFi) space to increase liquidity. LUNC is trading at $0.000249, up 0.89 percent in the last 24 hours. Bitcoin has hovered around $19,000 for most of the month, and its 30-day price volatility is at its lowest level in nearly two years at 31 percent. Despite the current bear market, several assets continue to show the promise of gains.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, "October continues to be choppy for the crypto market cap as Thursday saw the markets continue to be in the red even though there has been some increase in trading volumes. Bitcoin and Ethereum have seen an approximately 1.5 percent loss over 24 hours. Stablecoins showed no change meanwhile memecoins showed a mixed performance. Investors should continue having patience as the market goes through its cycle.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market cap is up by 0.08 percent to touch the $916.05 billion mark. Bitcoin is currently up by 0.17 percent and is currently trading at $19,077.46 while Ether is up by 0.68 percent and is exchanging hands at $1,288.09. In the altcoin space, SOL, ADA, MATIC, and DOT witnessed a dip in their value by 2-3 percent owing to the broader sell-off in the Asian markets. Global inflation continues to touch news highs and escalating war between Russia and Ukraine has spooked the financial markets around the globe. The investors will continue with their conservative approach till the macroeconomic factors surrounding the financial markets show signs of improvement.”
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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